Pursuant to an enabling state statute, commercial property owners in Illinois can finance or refinance up to 100% of their energy efficiency, renewable energy, and water conservation projects on a long-term basis through a local unit of government that has established a PACE area within its jurisdictional boundaries.
The Authority’s C-PACE bond financing services offers borrowers, local units of government, program administrators, and capital providers (or bond purchasers) a turnkey solution for standardized, efficient, and affordable bond issuance. Local units of government assign assessment contracts originated by capital providers to the Authority in order to utilize standardized bond documents and effectively pool assessment contracts across multiple jurisdictions in a program administrator’s market area to achieve economies of scale.
The Authority’s C-PACE bond financing services promote standardization of an otherwise fractured Illinois C-PACE market to improve liquidity and bring about cost savings for all.
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